Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$584,034$521,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$0$0
Note rate7.070%7.400%
Blended rate7.620%7.640%
1st payment$4,039.62$3,613.60
2nd payment$0.00$0.00
Taxes / mo$676.98$676.98
Insurance / mo$166.67$166.67
MI / mo$276.34$104.38
HOA / mo$175.00$175.00
Total monthly$5,334.60$4,736.63
Cash to close$0$57,990